PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
Brasília, D.F., 71.215-000
Federative Republic of Brazil
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1)__.
in paper as permitted by Regulation S-T Rule 101(b)(7)__.
Indicate by check mark
whether the registrant by furnishing the
information contained in this Form is
also thereby furnishing the
information to the Commission pursuant to Rule
12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
registrant in connection with Rule 12g3-2(b):
| Investor Relations (55 61) 415-1140 ri@brasiltelecom.com.br www.brasiltelecom.com.br/ir/ |
|
| Media Relations Anne McBride +1 (212) 983-1702 ivette.almeida@annemcbride.com |
Free Translation
BRASIL TELECOM S.A.
National
Register of Legal Persons (CNPJ/MF) 76.535.764/0001-43
Board
of Trade (NIRE) 53 3 0000622 9
A
Publicly-held Company
Minutes of the 78th Meeting of the Senior Management
Held on September 01, 2004, at SIA SUL ASP Lote D, Bloco B, Brasília – DF, Brazil, at 4 p.m. The members of the Senior Management were present and signed these Minutes.
Following the matters on the Agenda the following was discussed and unanimously resolved by the present members:
I- Ratify the interest rate (coupon) of the debentures of the fourth issuance, the third public distribution, of the Company, defined upon bookbuilding, undertaken on this date.
The Directors, with powers to them conferred at the Meeting of the Board of Directors held on June 15, 2004, decided, unanimously, to ratify the interest rate (coupon) of the Debentures of the fourth issuance, the third public distribution, of the Company, defined upon bookbuilding, undertaken by the Arrangers together with the Company, which will be equivalent to CDI + 1% (one percent) per annum, so that the debentures will pay interest rates corresponding to the accumulated variation of the daily average DI rate (Depósitos Interfinanceiros de um dia – Interbank Deposit rates of one day), Extra-Group (“DI Rates” or “DI Rate”), computed and released by CETIP (Câmara de Custódia e Liquidação – Chamber of Custody and Liquidation), with a spread of 1% per annum, considering a year of 252 business days, over the face value of each debenture, from the date of issuance, and payable by the end of each interest payment period, according to the formula and other dispositions prescribed by the respective Identure of the Debenture and its amendment, which will reflect the interest rate (coupon) hereby ratified.
There being no further matters, the CEO adjourned the Meeting for the writing of these Minutes, which after read and approved, was signed by all members of the Senior Management present at the Meeting and the Secretary.
| ___________________________ Carla Cico |
_____________________________________ Carlos Geraldo Campos Magalhães |
| Chief Executive Officer | Human Resources Executive Officer |
| ___________________________ Paulo Pedrão Rio Branco |
_____________________________________ Francisco Aurélio Sampaio Santiago |
| Financial Executive Officer | Network Executive Officer |
| ___________________________ Sérgio Roberto Vosgerau |
|
| Secretary |
"The Debentures have not been, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements."
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BRASIL TELECOM S.A.
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| By: |
/S/
Carla Cico
| |
|
Name: Carla Cico
Title: President and Chief Executive Officer
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